Bonterra Energy (BNE) Hits New 52-Week Low After Analyst Downgrade

Bonterra Energy Corp (TSE:BNE) reached a new 52-week low during mid-day trading on Friday after TD Securities lowered their price target on the stock from C$19.00 to C$14.50. TD Securities currently has a hold rating on the stock. Bonterra Energy traded as low as C$10.38 and last traded at C$10.85, with a volume of 372076 shares traded. The stock had previously closed at C$11.91.

Several other equities research analysts have also recently issued reports on BNE. CIBC raised their target price on Bonterra Energy from C$16.50 to C$18.00 in a research note on Friday, July 20th. National Bank Financial raised their target price on Bonterra Energy from C$21.50 to C$23.00 and gave the stock a “c$17.99” rating in a research note on Monday, July 23rd. Eight Capital raised their target price on Bonterra Energy from C$19.00 to C$19.35 in a research note on Thursday, August 9th. Raymond James cut Bonterra Energy from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from C$22.50 to C$22.00 in a research note on Friday, October 5th. Finally, BMO Capital Markets lifted their price objective on Bonterra Energy from C$17.00 to C$18.00 in a research note on Tuesday, October 9th.

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In other news, insider George Frederick Fink acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, September 18th. The stock was acquired at an average cost of C$17.75 per share, with a total value of C$44,375.00.

The company has a debt-to-equity ratio of 64.57, a quick ratio of 0.39 and a current ratio of 0.52.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings data on Wednesday, August 8th. The company reported C$0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.18 by C$0.09. The firm had revenue of C$60.55 million during the quarter, compared to analyst estimates of C$59.70 million. Sell-side analysts expect that Bonterra Energy Corp will post 1.1099999720403 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.41%. Bonterra Energy’s payout ratio is presently 351.91%.

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Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area in Saskatchewan, and the Prespatou area of northeast British Columbia.